Volvo Construction Equipment, awarded in 2018 at Intermat with the Innovation Award for the new eco-friendly tracked mini-excavator EX2 (CLICK HERE to know more), closes its first trimester of the year, with a growth of purchases of 15% and a profitability growth of 26%, also thanks to the growth of the main markets.

The latest market stable conditions allowed VOLVO CE (Volvo Construction Equipment) to reach great results in the first three month of the 2019 with a conspicuous growth in machineries purchases and consignments and an even fruitfuller profitability.

During the first quarter of 2019, VOLVO CE boosted the purchases of 15% reaching 24.155 Million Swedish Krones, last year the company just made 20.914 Million in the same period. Even the operative incomes grew considerably, and this happened thanks to products quality and prices improvements.

The machineries deliveries followed the trend of the entire company, jumping to +5% in the same period of the year; we talk about around 1100 Volvo machineries more.

During the first three months of the 2019, Europa and North America boosted of 3% and 4%. In the first case the market grows thanks to the German, English and Italian building activities; in North America is the great request of skid steer loaders, dumpers and building machineries that makes the demand grow. South America recorded too a good increase of the purchases, about the 5%, thanks to the Brazilian growth. When we speak about Asia, mainland in which the products demand grew of 4%, we’ve to specify that China hasn’t been included in all those previous evaluations due to its exponential growth; The individual growth of China touches 23%.

“The global trend of the building machineries has been favorable in the first quarter of the year.” Settled VOLVO EC President Melker Jernberg. “The effectiveness used in the management of the jobs growth and the costs control repays us with an encouraging incoming level and a great operative margin.”

Have you heard about the unique and innovative venture developed by Volvo in Norway for the protection of the biodiversity with which VOLVO confirms as one of the eco-friendliest companies in the world? CLICK HERE to discover more about it!

Source: VOLVO CE https://www.volvoce.com/